Saturday, February 20, 2016

How We Create Our Trading Karma

Mistakes are not a problem in trading.The problem is repeated mistakes.We repeat mistakes when we don't learn.We don't learn if we don't review and reflect.We look for the next trade, but fail to thoroughly evaluate the last one.We don't want to miss the next move, so we miss learning about the last one.And we repeat mistakes.For better or worse, we create our trading karma.Further Reading: Learning From Our Genius
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About Me

Author of The Psychology of Trading (Wiley, 2003), Enhancing Trader Performance (Wiley, 2006), and The Daily Trading Coach (Wiley, 2009) with an interest in using historical patterns in markets to find a trading edge. I am also interested in performance enhancement among traders, drawing upon research from expert performers in various fields. I took a leave from blogging starting May, 2010 due to my role at a global macro hedge fund. Blogging resumed in February, 2014, along with regular posting to Twitter and StockTwits (@steenbab).